MP_CN208 7/9/2020 Memphis, TN USDA Cotton and Tobacco Program, MND World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Frida 2019-2020 June June June June 26 July July 5-11 12-18 19-25 July 2 3-9 10-16 Adjusted world price 1/ 48.32 49.60 48.87 49.60 50.13 51.48 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 3.68 2.40 3.13 2.40 1.87 0.52 Fine count adjustment 20 0.19 0.10 0.00 0.00 0.00 0.53 Fine count adjustment 20 0.04 0.00 0.00 0.00 0.00 0.38 1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per te Source: Farm Service Agency, USDA. ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34, Far Eastern 'A' Index Color 41, Leaf 4, Staple 34 Far Eastern Date Futures Settlement 7-MarketA Index 1/ Jul-20 Oct-20 Dec-20 Mar-21 May-21 Jul-21 Average Current Jul 3Holiday Holiday Holiday Holiday 70.70 72.85 Jul 6 63.07 63.57 63.14 63.88 64.48 64.89 59.43 70.45 72.85 Jul 7 63.24 63.74 63.02 63.76 64.43 64.98 59.60 69.70 72.90 Jul 8 64.66 64.57 64.16 64.69 65.21 65.65 60.43 69.45 72.65 Jul 9 63.34 64.34 63.89 64.49 65.01 65.44 60.20 70.15 73.45 1/ Far Eastern A Index furnished by Cotton Outlook of Liverpool. Color 41, Leaf 4, Staple 34 Cents per Pound 7-Market Date SoutheasNorth DeSouth DeEast TX/West TexDesert SSJ ValleAverage Jul 3Holiday Holiday Holiday Holiday Holiday Holiday Holiday Holiday Jul 6 61.57 61.07 61.07 59.07 59.07 56.82 57.32 59.43 Jul 7 61.74 61.24 61.24 59.24 59.24 56.99 57.49 59.60 Jul 8 62.57 62.07 62.07 60.07 60.07 57.82 58.32 60.43 Jul 9 62.34 61.84 61.84 59.84 59.84 57.59 58.09 60.20 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2018-2019 2019-2020 Description Through July 4, Through July 2, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,349,60 - 4,156,300 Exports 333,200 11,966,4329,300 12,880,400 Total export commitments - 15,316,0 - 17,036,700 New sales 73,700 - 49,500 - Buy-backs and cancellations 20,300 - 5,700 - Net sales 53,400 - 43,800 - Sales next marketing year 38,400 4,093,10 6,700 3,496,800 Net sales of 43,800 RB for 2019/2020 were down 35 percent from the previous week and 74 percent from the prior 4-week average. Increases primarily for China (22,000 RB), Malaysia (8,800 RB, switched from China), Vietnam (8,700 RB, including 2,400 RB switched from Japan, 1,400 RB switched from South Korea, and decreases of 1,300 RB), Turkey (6,400 RB), and Indonesia (1,400 RB, including 100 RB switched from Japan), were offset by reductions primarily for Japan (2,200 RB), South Korea (1,400 RB), and Pakistan (1,400 RB). For 2020/2021, net sales of 6,700 RB were reported for Turkey (5,400 RB) and Vietnam (1,300 RB). Exports of 329,300 RB were up 19 percent from the previous week and 7 percent from the prior 4-week average. Exports were primarily to China (112,400 RB), Vietnam (61,100 RB), Turkey (47,600 RB), Pakistan (36,200 RB), and Bangladesh (20,200 RB). Net sales of Pima totaling 2,800 RB were down 39 percent from the previous week and 34 percent from the prior 4-week average. Increases were for China (1,300 RB), Pakistan (1,000 RB), India (400 RB), and Turkey (100 RB). For 2020/2021, total net sales of 3,600 RB were for El Salvador. Exports of 7,300 RB were up 65 percent from the previous week, but down 16 percent from the prior 4-week average. The destinations were primarily to China (3,000 RB), Pakistan (3,000 RB), Vietnam (500 RB), India (300 RB), and Bangladesh (300 RB). Exports for Own Account: For 2019/2020, new exports for own account totaling 2,200 RB were primarily to Vietnam (900 RB) and Pakistan (600 RB). Decreases were reported for China (1,100 RB) and Bangladesh (800 RB). The current exports for own account outstanding balance of 24,800 RB is for China (9,400 RB), Indonesia (8,200 RB), Vietnam (5,000 RB), Bangladesh (1,600 RB), and Pakistan (600 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports